ASPEK YURIDIS PENERBITAN OBLIGASI DAERAH SEBAGAI SUMBER PEMBIAYAAN ALTERNATIF DI DAERAH

This paper titled Juridical Aspects of Municipal Bond Issuance as Alternative Sources of Financing in the Region. In the era of regional autonomy, local governments have an important role in order to realize development and prosperity in the region. The problem that often occurs is, the absence of adequate funding, because not all local authorities have a budget surplus. So that local authorities are given the opportunity to seek alternative sources of financing as a form of local independence, one of them by issuing municipal bonds. Municipal Bonds also provide an opportunity for people in the Region in particular to participate invest. Keywords: Municipal Bonds, Investment, Welfare.